On Could 29, decentralized alternate (DEX) PancakeSwap introduced that it had launched a brand new tower-defense GameFi sport together with BNB GameFi protocol Mobox. Dubbed “Pancake Protectors,” the sport permits gamers to make the most of the DEX’s native CAKE tokens to earn in-game rewards.
Utilities for CAKE tokens inside Pancake Protectors embrace accelerating the level-up course of, buying in-game foreign money, claiming CAKE heroes, staking CAKE to earn assets, and unlocking sport ranges. There will even be an in-game market for buying and selling CAKE heroes, which will be additional enhanced by taking part in lotteries yielding nonfungible token (NFT) improve rewards. Builders defined the sport as follows:
“Tailored from MOBOX’s MOland Protection Recreation, gamers assume the function of a commander to assemble hero characters throughout numerous ranges and have interaction in a tower protection sport. CAKE hero characters are probably the most coveted characters in-game and will be bought with CAKE tokens.
As well as, gamers combine their NFT with the in-game heroes and show it on their PancakeSwap profile.
Launched in 2020, PancakeSwap has change into one of the in style DEXs, with $462 billion in cumulative buying and selling quantity and over $2.5 billion in whole worth locked.
In April, the DEX handed the Pancakeswap v2.5 tokenomics proposal to decrease its CAKE token inflation price from over 20% to a goal vary of three% to five%. The worth of CAKE tokens subsequently plunged 36% prior to now month to $1.73 on the time of publication as a result of decrease worth of nominal CAKE staking rewards. Earlier than the proposal, PancakeSwap operated a high-token-emission mannequin to incentivize consumer adoption.
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Supply: Coin Telegraph